Is yongcheng insurance company formal?

Ordinary. Yongcheng Insurance Company is a national joint-stock property insurance company initiated by domestic powerful large-scale electric power enterprise group and industrial investment group. On September/0/0, 2004, it was approved by China Insurance Regulatory Commission to start business. Its headquarters is located in Shanghai, with a registered capital of 265,438+78 million yuan and more than 5,000 employees.